Have you heard about the $30B cash infusion Hillary Clinton wants to inject into the housing/foreclosure crisis?

A plan like this is a complete disaster for long term economic recovery, vis a vis the housing market.

The housing market needs to correct itself through the proven laws of supply and demand. Artificially keeping housing prices up (which will happen with a $30B injection) will drag out the housing crisis much longer than need be.

I find it funny that Clinton has $30B to bail out both:

1. Stupid lenders who loosened up lending guidelines to give anyone with a pulse a mortgage (even after credit scores indicated these people were bad at repaying debts)


2. Borrowers who overspent, didn’t do any research, and lied (stated income) on their loan applications

Natural economic forces, not a $30B handout, need to correct the housing problem in America today.

Share and Enjoy: